Is MARA preparing another Bitcoin sale after moving 1,000 BTC?
BTC when published $82,673Now $80,617 ▼ −2.49% since it was published
Bitcoin mining company MARA Holdings has transferred 1,000 BTC worth approximately $82.8 million to cryptocurrency exchanges Binance and Gate over the past five days, raising questions about another possible sale from its Bitcoin reserves. Blockchain analytics platform Lookonchain reported on Oct. 19 that wallets associated with MARA had deposited the Bitcoin into the two exchanges, suggesting the company may be preparing to sell some of its holdings. The transactions involved wallets identified through blockchain tracking data, including addresses associated with MARA’s mining operations. According to the wallet activity referenced by Lookonchain, the funds moved through multiple addresses before reaching their reported exchange destinations. However, the transfers alone do not confirm that MARA has sold the Bitcoin.
First reported by crypto.news. This page is a short excerpt; the full text is theirs.
